Southwest Florida Real Estate News and Market Insight
Market data, mortgage rate movement, housing policy, and property news from across the country and here at home in Collier and Lee counties. Anything that affects what a home in Naples, Bonita Springs, or Estero is worth, and what it costs to own one, is worth understanding before it shows up in your closing statement or your tax bill.
HUD opens probe into Wells Fargo’s race-based mortgage programs

HUD says bank initiatives may violate the Fair Housing Act
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Musician and actor Steven Van Zandt is ready to part with his Greenwich Village penthouse, hiking the price up to a cool $18,995,000 after initially listing it for $15 million in June of this year. A source close to the listing confirms to Realtor.com® that the relisting price increase is "reflectiv
Read More Denmark accuses Palm Beach resident of shielding assets in waterfront home

The Danish tax authority accused a Florida homeowner of skirting payments on a fraud settlement by funneling assets into a homestead-exempted Palm Beach townhouse. A web of lawsuits in federal court allege Luke McGee put $30 million into buying the townhome at 470 South Ocean Boulevard, shortly afte
Read MoreGrim Discovery at North Dakota Governor’s Mansion as 7 Coffins With Human Remains Are Unearthed

A simple landscaping project at the governor’s residence in North Dakota has uncovered a shocking discovery: several sets of human remains. Remains and fragments of a coffin were first uncovered by construction workers on May 19, which prompted further investigation of the area. Archaeologists from
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Broward County commissioners failed to initiate bidding for 22 acres of undeveloped land in Pompano Beach, prolonging a decade-old dispute regarding trash disposal and potentially putting the county in breach of a settlement agreement. Commissioners voted 7-2 Tuesday against adopting a resolution t
Read More At Home with Glenn and Kathleen Midnet

At home with Glenn and Kathleen Midnet. Photo by Nick Shirghio Married for more than 41 years, Kathleen Midnet affectionately refers to her husband, Glenn, founder and CEO of Naples-based design firm Design West, as “Dr. Design.” For the Midnets, parents of four and grandparents to eight, home is wh
Read MoreFICO to cut 15% of staff, reduce management layers

The move comes as regulators and large lenders are embracing competing credit score models
Read MoreNew $100 million Baltimore fund targets vacant housing pipeline

The Greater Baltimore Committee and Enterprise will launch a Funders’ Consortium in November
Read MoreProperty tax delinquency reaches highest level since 2017

North Dakota recorded the lowest rate at 1.4%, followed by Wisconsin (1.5%)
Read MoreFed Policymakers Think Another Interest Rate Hike Is Likely This Year, Minutes Show

Federal Reserve policymakers believe another increase to the benchmark interest rate will likely be necessary by the end of the year, according to newly released meeting minutes. At the September meeting of the rate-setting Federal Open Market Committee, Fed Chair Kevin Warsh joined the unanimous 12
Read MoreHive MLS agents will soon be able to see buyer demand before a listing hits

Rollout starts in December for nearly 20,000 brokers and appraisers across 6 Southeastern states
Read MoreYour next buyer or seller may ask ChatGPT for an agent. Will your name come up?

An agent's own claims are only part of the information AI can use to evaluate that agent
Read MoreEXCLUSIVE: TikTokers Savannah and Cole LaBrant Relist Tennessee Home With $300K Discount

TikTok-famous couple Cole and Savannah LaBrant have relisted their sprawling Tennessee property with a reduced asking price of $4.9 million and a fresh set of listing images. Savannah, 33, and Cole, 29, purchased the elegant Nashville home in November 2022 for $4.5 million, and for nearly two years
Read More“A minefield for the unwary”: Florida condo owners adapt to post-Surfside laws

A clearer picture of Florida’s older condo market is emerging as condo associations across the state embark on multimillion-dollar repairs, a result of the deadly Surfside collapse of 2021. A low-rise condo complex built 43 years ago in West Palm Beach sold at a bankruptcy auction this week for $13.
Read MoreCalifornia Poised To Ban Quartz Countertops Over Deadly Lung Disease

California is moving toward banning the fabrication of human-made quartz, after years of workplace safety rules failed to stop what state officials have described as an “epidemic” of deadly lung disease among workers who cut and shape the material for countertops. “This action is necessary in light
Read MoreWells Fargo Faces HUD Probe Over Efforts To Boost Black Homeownership

The Department of Housing and Urban Development is probing Wells Fargo to determine whether its efforts to boost Black homeownership violate fair-housing laws. HUD sent a letter to Wells Fargo CEO Charlie Scharf stating that it would examine whether the mortgage giant violated fair-lending laws with
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“Breaking Bad” star Aaron Paul has finally found a buyer for his historic Los Angeles home, selling the storied property for $7.495 million more than a year after putting it on the market. The 47-year-old actor initially listed the residence, known as the Seyler House, for just shy of $10 million in
Read More Civil rights groups warn private listings could widen housing inequities

The groups cite demographic gaps between sellers and first-time buyers, warning that withheld MLS exposure can advantage older, wealthier networks
Read More13 Million High-Risk Homes Sit Outside FEMA Flood Zones as El Niño Looms

Homeowners across the country could enter a potentially historic El Niño winter believing their home sits safely outside a high-risk flood zone—because according to FEMA's maps, they do. But nearly 13 million properties outside the Federal Emergency Management Agency’s Special Flood Hazard Areas are
Read MorePhilanthropy Could Help Fast-Track Adoption of Manufactured Housing, JPMorgan Says

New kinds of home construction inherently carry risks. But philanthropy could make a big difference in bridging the gap. In a recent statement, JPMorgan Chase's housing research group highlighted a few ways that philanthropy is accelerating new construction methods. That includes modular homebuildin
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